HARARE, September 22 (The Source) – Zimre Holdings recorded a profit of $2,7 million from January to June 2017 compared to $200,000 in the same period last year driven by an improved performance of its reinsurance and general insurance units.
HARARE, September 22 (The Source) – Listed media group, Zimpapers on Friday reported a net profit growth of 93 percent to $1 million for the six months to June from $570,520 recorded in the same period last year despite a fall in revenue.
HARARE, September 21 (The Source) – Zimbabwe Stock Exchange mainstream index shed 0,74 percent to 364,42 points on Thursday on profit-taking in some counters, while the resources index recorded a marginal 0,05 percent gain to 98,74 points.
HARARE, September 21 (The Source) – The National Social Security Authority’s (NSSA) $18 million deal to recapitalize Cold Storage Commission (CSC) will go ahead after the High Court approved a scheme of arrangement between the meat processor and its creditors, an official has said.
By Matt E.T Matigari, September 21 (The Source) – Fool me once, shame on you, fool me twice, shame on me. So, what’s my point here? The point is we can’t be conned twice the same way in 10 years and blame the conmen. It… Read More
HARARE, September 20 (The Source) – Zimbabwe Stock Exchange mainstream index eased 1,13 percent to 367,13 points on Wednesday, extending its losses for the third day running.
HARARE, September 20 (The Source) – A visiting Parliamentary delegation from Iran on Wednesday expressed concern over the extremely low trade volumes between Zimbabwe and Iran. Chairman of the Iran-Zimbabwe Parliamentary Friendship Group, Mostafa Kavakebian who is also a member of the Iranian Parliamentary Portfolio… Read More
HARARE, September 20 (The Source) – Tourist arrivals in Victoria Falls shot up 21,6 percent to 119,758 in the first six months of 2017 compared to the same period last year owing to an increase in air connectivity, an industry report has shown.
HARARE, September 19 (The Source) – The Zimbabwe Stock Exchange (ZSE) on Tuesday eased for the second consecutive day, dropping 4,94 percent to 371,31 points as profit-taking took hold among punters.
By Adel Moyo, HARARE, September 19 (The Source) – Zimbabwe has effectively shelved plans to extend its Feruka pipeline to Francistown, Botswana citing viability concerns over the project, an official has said.
HARARE, September 19 (The Source) – Clothing retail chain Edgars stores reported a fivefold increase in after tax profit to $567,499 in the six months to July, from $109,119 last year driven by an increase in revenue and savings on finance costs.
HARARE, September 18 (The Source) – Australian-listed junior miner Prospect Resources says it is negotiating with potential investors to raise $55 million to construct a concentrate plant for its Arcadia lithium project in Harare.
HARARE, September 18 (The Source) – The Zimbabwe Stock Exchange is soaring, setting new records each day. Last week alone, the market capitalisation added $3,2 billion to $11,3 billion as demand for equities soared.
HARARE, September 17 (The Source) – The ZSE mainstream index rose 39,56 percent to close at 400,03 points with a lift from Delta, adding to the week’s record-setting performance.The market capitalisation increased by 39 percent to close at $11,3 billion from $8,12 billion in the… Read More
HARARE, September 15 (The Source) – Zimbabwe’s year-on-year inflation remained flat at 0.14 percent in August, according to data released by the statistics agency on Friday.